Agilent Technologies, Inc. (NYSE:A) Stake Raised by Fred Alger Management LLC

Fred Alger Management LLC boosted its holdings in Agilent Technologies, Inc. (NYSE:A) by 188.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,317 shares of the medical research company’s stock after acquiring an additional 8,693 shares during the quarter. Fred Alger Management LLC’s holdings in Agilent Technologies were worth $1,977,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in A. Crewe Advisors LLC boosted its holdings in shares of Agilent Technologies by 114.8% in the second quarter. Crewe Advisors LLC now owns 189 shares of the medical research company’s stock valued at $25,000 after acquiring an additional 101 shares in the last quarter. Livelsberger Financial Advisory bought a new position in Agilent Technologies during the 3rd quarter valued at $28,000. Ridgewood Investments LLC acquired a new position in shares of Agilent Technologies during the 2nd quarter valued at $29,000. Ashton Thomas Securities LLC bought a new stake in shares of Agilent Technologies in the 3rd quarter worth $31,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of Agilent Technologies by 68.3% in the third quarter. Fortitude Family Office LLC now owns 234 shares of the medical research company’s stock valued at $35,000 after buying an additional 95 shares during the period. Institutional investors own 87.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. TD Cowen lifted their target price on Agilent Technologies from $153.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. dropped their target price on shares of Agilent Technologies from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. Barclays reduced their target price on shares of Agilent Technologies from $145.00 to $135.00 and set an “underweight” rating for the company in a report on Wednesday, November 27th. Evercore ISI upped their price target on Agilent Technologies from $135.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. Finally, Sanford C. Bernstein reduced their price objective on Agilent Technologies from $140.00 to $135.00 and set a “market perform” rating for the company in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $143.40.

Insider Buying and Selling

In other Agilent Technologies news, SVP Dominique Grau sold 9,990 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $145.00, for a total value of $1,448,550.00. Following the completion of the sale, the senior vice president now directly owns 40,011 shares of the company’s stock, valued at $5,801,595. The trade was a 19.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by corporate insiders.

Agilent Technologies Stock Performance

Shares of A opened at $137.97 on Monday. The company has a market capitalization of $39.64 billion, a PE ratio of 31.21, a PEG ratio of 4.37 and a beta of 1.07. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.37 and a current ratio of 2.09. The company’s 50 day moving average price is $137.60 and its 200 day moving average price is $137.15. Agilent Technologies, Inc. has a 52 week low of $124.16 and a 52 week high of $155.35.

Agilent Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Tuesday, December 31st will be paid a $0.248 dividend. The ex-dividend date is Tuesday, December 31st. This is an increase from Agilent Technologies’s previous quarterly dividend of $0.24. This represents a $0.99 dividend on an annualized basis and a dividend yield of 0.72%. Agilent Technologies’s dividend payout ratio is 22.40%.

Agilent Technologies Company Profile

Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The company operates in three segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emission spectrometry instruments; inductively coupled plasma optical emission spectrometry instruments; raman spectroscopy; cell analysis plate based assays; flow cytometer; real-time cell analyzer; cell imaging systems; microplate reader; laboratory software; information management and analytics; laboratory automation and robotic systems; dissolution testing; and vacuum pumps, and measurement technologies.